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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: Libbyt who wrote (5021)	8/3/2005 4:39:42 PM
From: chowder	Read Replies (1) \| Respond to of 13449

>>> If NFLX closes today above $20.80, do you have any thoughts on a trading range for NFLX? <<< I haven't got a clue. Knowing you prefer to hold long term, I don't have any idea on where price will go. All I can do is determine a trailing stop and hope it doesn't hit. If I were holding a stock for the long term, I wouldn't take more than an 8% to 10% loss after the entry. As price moved up, I would move my stops up. The more profit the stock showed, the more room I would give it with regard to my protective stops. With NFLX breaking out as expected, if it were to reverse 10% it would be very bearish. As price rises, you will meet round dollar resistance. Each dollar the price rises should see a little selling on profit taking. Hence the need for a protective stop. Other than that, the chart looks good! stockcharts.com[h,a]waclyiay[d20040503,20050803][pb40!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G dabum